ring appraisal value

posted 3 years ago in Rings
  • poll: Did you ring appraise for....
    MORE than i thought : (59 votes)
    69 %
    SAME price as i thought : (23 votes)
    27 %
    LESS than i tought : (3 votes)
    4 %
  • Post # 4
    3524 posts
    Sugar bee
    • Wedding: February 2009

    Appraisals are usually inflated.  But insurance will not just cut you a cheque, so I would only insure for real replacemebt value, and save yourself the premiums.

    Post # 5
    1193 posts
    Bumble bee

    A good appraisal should accurately reflect the current replacement value. You can look online and see what your ring would cost brand-new to get a good estimate.

    If your appraisal is a lot higher, you are paying extra in premiums to get it insured. If its a lot less, you won’t be able to purchase a comparable ring with your insurance payout.

    Post # 7
    6457 posts
    Bee Keeper
    • Wedding: June 2013

    Mine was higher than what we paid. They said they account for inflation.

    Post # 8
    3570 posts
    Sugar bee
    • Wedding: September 2011

    Mine appraised for more than we paid. 

    Post # 9
    5482 posts
    Bee Keeper
    • Wedding: October 2013

    @MrsHoneyC:  your quesiton isnt whether it was more than you paid but more than you were EXPECTING it to appriase for, right?? mine was about what i expected. the setting was 2k and the stone (heirloom) is worth about 2k (based on my bluenile stalking) so i guessed the appraisal would be a little higher, and it was — 5k 🙂 hope that helps!

    Post # 10
    1517 posts
    Bumble bee
    • Wedding: February 2012

    It’s true – appraisals are inflated. Insurance companies do not just hand you the $ it’s appraised for. They replace it with a comparable ring. 

    Also the insurance company makes more money on the higher appraisal.

    Post # 12
    276 posts
    Helper bee
    • Wedding: May 2014

    My ring appraised for $2262 but to buy it new would be $3400. Thankfully we only paid $650 used. 

    Post # 13
    6525 posts
    Bee Keeper
    • Wedding: September 2013

    @MrsHoneyC:  I don’t know how much DH paid for my ering but I flipped out when he gave me the appraisal papers that I needed to  give to the insurance company. I said “is this how much you spent on my ring?! this is way too much! we need to save our money!” he quickly shut me down and said to relax, he spent nowhere near that. So yes, it appraised for over $10K I was shocked. It makes me nervous walking around with a piece of jewlery worth that much


    Post # 14
    7196 posts
    Busy Beekeeper
    • Wedding: February 2013

    Mine is appraised at $11,000 but DH paid less than that.

    Post # 15
    537 posts
    Busy bee
    • Wedding: May 2000

    My husband has been taking all of jewelry in to be appraised over the last two months. Nearly all of it has doubled in value.

    Post # 16
    6980 posts
    Busy Beekeeper
    • Wedding: August 2012

    Mine appraised for slightly more but it wasn’t anything too crazy. About what I expected.

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